Gourmet Specialty Market with Restaurant & Convenience Store #86202105

The Company was founded in 1970, and is a restaurant and rest-stop that offers a variety of smoked meats, a variety of specialty products, and catfish. This restaurant has been a must stop for travelers for years, and has gas pumps for those passing through the area. In addition to dine-in services, this restaurant also offers great sales upside to online sales orders. This restaurant is located on eight acres of property and is located right off of a busy highway. Location: Texas Year Established: 1970 Number of Employees: 3 Real Estate: Owned Building Sq. Ft.: 2,600 Facilities: There is tremendous potential for a new buyer to step in and take advantage of a well-known brand, and acquire eight acres of real estate that offers great potential for add-on services. Market Outlook/ Competition: • Diverse Revenue Stream – This company offers a great variety of meats, and a variety of other specialty products that can be ordered online or are available in-store. In addition to the smoked meats portion of the business, management opened up a catfish business inhouse which offers tremendous upside for a new buyer. • Real Estate - Included in the offering is eight acres of real estate located right off of a busy interstate. Included on the property is the restaurant location, a 3,000 SF house, and several storage units. This is a prime location that has been looked at in the past by a very prominent chain for expansion. • Increasing pre-COVID Revenue Growth - The restaurant portion of this business experienced a CAGR of 6.3% prior to COVID-19. This is largely due to the increase in other revenue streams from a recent add-on to the current business model. Revenue is expected to continue to increase over the pro forma period. Growth & Expansion: GROWTH OPPORTUNITY Extend service hours to include Sunday’s Expand gas portion of business Increase strategic marketing efforts